If the firm stops making repayments and the goods or assets are taken away from them as a result, this is known as:

Cancellation

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Forfeiture

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Annulment

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Repossession

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Solution

The correct option is D Repossession
If the firm stops making repayments and the goods or assets are taken away from them as a result. This is known as Repossession.

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If the firm stops making repayments and the goods or assets are taken away from them as a result, this is known as:

The correct option is D RepossessionIf the firm stops making repayments and the goods or assets are taken away from them as a result. This is known as Repossession.

The correct option is D Repossession
If the firm stops making repayments and the goods or assets are taken away from them as a result. This is known as Repossession.